The general AS „GE Money Bank” shareholder meeting was closed at 15.00 p.m. on March 28, 2011, during which all items included in the agenda were reviewed and the following resolutions made:
1. Approval of company’s Annual Report for the Year 2010
1.1. To approve the annual report of the company for 2010.
2. Distribution of the Profit from the Previous Year
2.1. The audited result of the company for year 2010 – losses in the amount of LVL 19.521.690,00 to be added to the result of activities of the company for the previous years.
3. Election of the Company’s Auditor for the Year 2011
3.1. To approve the auditing company KPMG Baltics Ltd. as the auditor of the annual report of the group of the company for 2011.
4. Determination of Remuneration for the Auditor
4.1. To approve the remuneration of the auditor of the group of the company in 2011 – the auditing company KPMG Baltics Ltd. in the amount no more than LVL 47.250,00 (plus VAT) per year.
5. Election of Council members of the Company (recalling of previous Council members, election of new Council members)
5.1. To recall the members of the company’s council elected by the resolution of the meeting of shareholders of December 15, 2010 before the expiration of the time period - Xavier Pascal Durand, Aleš Blažek, Richard L Neff, Kelvin Jones, Alain Daniel Amiel, Galina Gavrich Ruotolo.
5.2. To elect new council members of the company for 5 (five) years, starting from March 28, 2011 in the following composition:
- Richard L Neff (chairman of the council)
- Aleš Blažek (vice-chairman of the council)
- Kelvin Jones
- Alain Daniel Amiel
- Galina Gavrich Ruotolo
New members of the Bank's Supervisory Council don't own shares of the Bank.
6. Council Members’ Remuneration
6.1. Not to determine the remuneration for company's members of the Council for fulfilling duties of members of the Council.
7. Audit Committee Report on Activities in the Year 2010
7.1. To take into consideration information of the Audit Committee.
Kristine Circene
Communication Project Manager
GE Money Bank Latvia
Ph.: +371 67029019
Mob.: +371 26490696
E-mail: kristine.circene@ge.com